Glens Falls USDA Loan Rates, Closing Costs & Stats

GLENS FALLS, NY

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Glens Falls's 7 lenders originated 9 USDA loans during 2023. The total origination value was $1,465,000, with an average USDA loan value of $162,778.

    Glens Falls USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Glens Falls averaged 6.07% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Glens Falls's average USDA mortgage closing costs are $4,079.

    The average rate for the prior week (2024-12-06) was 6.11% and one month ago for the week of 2024-11-08, the average rate was 6.43%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Glens Falls USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Glens Falls level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NEWREZ LLC 2 6.69% $6,516
    UNITED WHOLESALE MORTGAGE, LLC 2 6.80% $8,386
    Evolve Bank & Trust 1 5.63% $5,160
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.13% $7,135
    HOMESTEAD FUNDING CORP. 1 6.75% $2,421
    GUARANTEED RATE, INC. 1 5.73% $11,245
    Bank of England 1 6.25% $5,871

    The top Glens Falls USDA lender as defined by loan originations is NEWREZ LLC, with 2 USDA loans originated. Their average total fees are $6,516, which is $1,871 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Glens Falls USDA lenders (with over 10 loans originated) are .

    The lowest rate Glens Falls USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $229,000 (14.6%) $406,313 (11.1%) 0.00 987
    2018-02-01 $234,200 (17.4%) $417,478 (11.7%) 0.00 975
    2018-03-01 $234,900 (11.4%) $415,878 (10.0%) 0.00 960
    2018-04-01 $239,450 (8.9%) $423,031 (9.7%) 0.00 980
    2018-05-01 $246,700 (7.3%) $422,541 (5.6%) 0.00 1,060
    2018-06-01 $249,000 (7.6%) $420,023 (1.4%) 0.00 1,147
    2018-07-01 $248,475 (8.1%) $420,452 (-0.1%) 0.00 1,129
    2018-08-01 $249,925 (8.7%) $424,436 (1.0%) 0.00 1,144
    2018-09-01 $249,900 (9.1%) $420,483 (2.3%) 0.00 1,131
    2018-10-01 $249,300 (8.7%) $419,158 (2.9%) 0.00 1,080
    2018-11-01 $241,825 (5.2%) $399,486 (-3.0%) 0.00 996
    2018-12-01 $234,950 (2.2%) $397,818 (-3.1%) 0.00 938
    2019-01-01 $235,000 (2.6%) $405,155 (-0.3%) 0.00 860
    2019-02-01 $239,000 (2.1%) $411,129 (-1.5%) 0.00 812
    2019-03-01 $243,671 (3.7%) $428,517 (3.0%) 0.00 841
    2019-04-01 $249,450 (4.2%) $453,835 (7.3%) 0.00 894
    2019-05-01 $252,450 (2.3%) $442,236 (4.7%) 0.00 884
    2019-06-01 $259,900 (4.4%) $457,560 (8.9%) 0.00 987
    2019-07-01 $259,447 (4.4%) $443,689 (5.5%) 0.00 1,032
    2019-08-01 $259,245 (3.7%) $445,866 (5.1%) 0.00 1,042
    2019-09-01 $259,614 (3.9%) $451,069 (7.3%) 0.00 1,040
    2019-10-01 $254,909 (2.3%) $450,131 (7.4%) 0.00 1,029
    2019-11-01 $257,450 (6.5%) $453,808 (13.6%) 0.00 889
    2019-12-01 $249,900 (6.4%) $432,070 (8.6%) 0.00 820
    2020-01-01 $249,900 (6.3%) $419,152 (3.5%) 0.00 746
    2020-02-01 $247,950 (3.7%) $427,479 (4.0%) 0.00 707
    2020-03-01 $249,900 (2.6%) $432,151 (0.9%) 0.00 693
    2020-04-01 $249,600 (0.1%) $450,413 (-0.8%) 0.00 661
    2020-05-01 $270,900 (7.3%) $482,256 (9.1%) 0.00 651
    2020-06-01 $274,900 (5.8%) $490,255 (7.2%) 0.00 643
    2020-07-01 $276,950 (6.8%) $495,966 (11.8%) 0.00 605
    2020-08-01 $269,450 (3.9%) $481,511 (8.0%) 0.00 564
    2020-09-01 $275,000 (5.9%) $486,254 (7.8%) 0.00 541
    2020-10-01 $279,900 (9.8%) $494,126 (9.8%) 0.00 518
    2020-11-01 $279,625 (8.6%) $528,361 (16.4%) 0.00 464
    2020-12-01 $280,000 (12.0%) $556,209 (28.7%) 0.00 415
    2021-01-01 $289,900 (16.0%) $571,168 (36.3%) 0.00 355
    2021-02-01 $283,750 (14.4%) $593,764 (38.9%) 0.00 309
    2021-03-01 $299,250 (19.8%) $607,954 (40.7%) 0.00 285
    2021-04-01 $297,225 (19.1%) $629,185 (39.7%) 0.00 259
    2021-05-01 $275,000 (1.5%) $584,969 (21.3%) 0.00 280
    2021-06-01 $298,000 (8.4%) $615,367 (25.5%) 0.00 285
    2021-07-01 $299,000 (8.0%) $545,946 (10.1%) 0.00 327
    2021-08-01 $299,900 (11.3%) $549,634 (14.2%) 0.00 312
    2021-09-01 $289,000 (5.1%) $524,574 (7.9%) 0.00 315
    2021-10-01 $275,000 (-1.8%) $512,321 (3.7%) 0.00 310
    2021-11-01 $275,000 (-1.7%) $495,920 (-6.1%) 0.00 285
    2021-12-01 $269,200 (-3.9%) $489,109 (-12.1%) 0.00 239
    2022-01-01 $259,000 (-10.7%) $508,738 (-10.9%) 0.00 211
    2022-02-01 $264,500 (-6.8%) $541,679 (-8.8%) 0.00 205
    2022-03-01 $295,000 (-1.4%) $559,162 (-8.0%) 0.00 186
    2022-04-01 $299,450 (0.8%) $539,240 (-14.3%) 0.00 201
    2022-05-01 $298,000 (8.4%) $551,723 (-5.7%) 0.00 257
    2022-06-01 $294,450 (-1.2%) $537,852 (-12.6%) 0.00 293
    2022-07-01 $295,000 (-1.3%) $506,465 (-7.2%) 0.00 355
    2022-08-01 $299,675 (-0.1%) $547,939 (-0.3%) 0.00 354
    2022-09-01 $299,900 (3.8%) $578,256 (10.2%) 0.00 353
    2022-10-01 $299,900 (9.1%) $613,149 (19.7%) 0.00 347
    2022-11-01 $299,900 (9.1%) $654,793 (32.0%) 0.00 338
    2022-12-01 $299,900 (11.4%) $633,962 (29.6%) 0.00 310
    2023-01-01 $289,450 (11.8%) $671,363 (32.0%) 0.00 256
    2023-02-01 $302,500 (14.4%) $678,604 (25.3%) 0.00 231
    2023-03-01 $302,750 (2.6%) $690,229 (23.4%) 0.00 201
    2023-04-01 $299,950 (0.2%) $725,328 (34.5%) 0.00 180
    2023-05-01 $335,725 (12.7%) $753,538 (36.6%) 0.00 186
    2023-06-01 $314,450 (6.8%) $711,551 (32.3%) 0.00 226
    2023-07-01 $336,900 (14.2%) $726,081 (43.4%) 0.00 238
    2023-08-01 $349,900 (16.8%) $627,192 (14.5%) 0.00 269
    2023-09-01 $349,900 (16.7%) $616,603 (6.6%) 0.00 274
    2023-10-01 $349,975 (16.7%) $606,057 (-1.2%) 0.00 281
    2023-11-01 $349,450 (16.5%) $630,001 (-3.8%) 0.00 272
    2023-12-01 $345,000 (15.0%) $612,156 (-3.4%) 0.00 253
    2024-01-01 $338,925 (17.1%) $622,448 (-7.3%) 0.00 225
    2024-02-01 $334,950 (10.7%) $684,447 (0.9%) 0.00 217
    2024-03-01 $349,900 (15.6%) $710,366 (2.9%) 0.00 218
    2024-04-01 $363,950 (21.3%) $727,879 (0.4%) 0.00 232
    2024-05-01 $382,000 (13.8%) $722,450 (-4.1%) 0.00 260
    2024-06-01 $349,000 (11.0%) $695,022 (-2.3%) 0.00 296
    2024-07-01 $354,450 (5.2%) $675,835 (-6.9%) 0.00 341
    2024-08-01 $352,450 (0.7%) $657,440 (4.8%) 0.00 386
    2024-09-01 $354,950 (1.4%) $639,424 (3.7%) 0.00 403
    2024-10-01 $359,925 (2.8%) $670,942 (10.7%) 0.00 397
    2024-11-01 $349,950 (0.1%) $658,477 (4.5%) 0.00 358
    Glens Falls's median listing price for 2024-11-01 was $349,950, a difference of $500 (0.1%) versus the prior year and $-9,975 versus the prior month.

    Glens Falls's median listing price comes in at 0% of the national average.

    Glens Falls's average listing price for 2024-11-01 was $658,477, a difference of $28,476 (4.5%) versus the prior year and $-12,465 versus the prior month.

    For the 2024-11-01 period, Glens Falls had 358 MLS listings, a difference of -39 listings (-10%) versus the prior month and 86 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,762 sqft
    2018-02-01 0 days 1,742 sqft
    2018-03-01 0 days 1,749 sqft
    2018-04-01 0 days 1,767 sqft
    2018-05-01 0 days 1,776 sqft
    2018-06-01 0 days 1,776 sqft
    2018-07-01 0 days 1,772 sqft
    2018-08-01 0 days 1,776 sqft
    2018-09-01 0 days 1,776 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,792 sqft
    2018-12-01 0 days 1,731 sqft
    2019-01-01 0 days 1,730 sqft
    2019-02-01 0 days 1,749 sqft
    2019-03-01 0 days 1,755 sqft
    2019-04-01 0 days 1,768 sqft
    2019-05-01 0 days 1,656 sqft
    2019-06-01 0 days 1,701 sqft
    2019-07-01 0 days 1,706 sqft
    2019-08-01 0 days 1,717 sqft
    2019-09-01 0 days 1,728 sqft
    2019-10-01 0 days 1,717 sqft
    2019-11-01 0 days 1,738 sqft
    2019-12-01 0 days 1,723 sqft
    2020-01-01 0 days 1,736 sqft
    2020-02-01 0 days 1,715 sqft
    2020-03-01 0 days 1,700 sqft
    2020-04-01 0 days 1,736 sqft
    2020-05-01 0 days 1,760 sqft
    2020-06-01 0 days 1,758 sqft
    2020-07-01 0 days 1,769 sqft
    2020-08-01 0 days 1,755 sqft
    2020-09-01 0 days 1,768 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,847 sqft
    2020-12-01 0 days 1,843 sqft
    2021-01-01 0 days 1,888 sqft
    2021-02-01 0 days 1,829 sqft
    2021-03-01 0 days 1,831 sqft
    2021-04-01 0 days 1,889 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,831 sqft
    2021-07-01 0 days 1,761 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,671 sqft
    2021-10-01 0 days 1,728 sqft
    2021-11-01 0 days 1,728 sqft
    2021-12-01 0 days 1,755 sqft
    2022-01-01 0 days 1,888 sqft
    2022-02-01 0 days 1,720 sqft
    2022-03-01 0 days 1,742 sqft
    2022-04-01 0 days 1,708 sqft
    2022-05-01 0 days 1,592 sqft
    2022-06-01 0 days 1,604 sqft
    2022-07-01 0 days 1,574 sqft
    2022-08-01 0 days 1,589 sqft
    2022-09-01 0 days 1,619 sqft
    2022-10-01 0 days 1,636 sqft
    2022-11-01 0 days 1,642 sqft
    2022-12-01 0 days 1,668 sqft
    2023-01-01 0 days 1,638 sqft
    2023-02-01 0 days 1,662 sqft
    2023-03-01 0 days 1,678 sqft
    2023-04-01 0 days 1,731 sqft
    2023-05-01 0 days 1,741 sqft
    2023-06-01 0 days 1,669 sqft
    2023-07-01 0 days 1,680 sqft
    2023-08-01 0 days 1,674 sqft
    2023-09-01 0 days 1,683 sqft
    2023-10-01 0 days 1,653 sqft
    2023-11-01 0 days 1,658 sqft
    2023-12-01 0 days 1,658 sqft
    2024-01-01 0 days 1,655 sqft
    2024-02-01 0 days 1,671 sqft
    2024-03-01 0 days 1,639 sqft
    2024-04-01 0 days 1,690 sqft
    2024-05-01 0 days 1,749 sqft
    2024-06-01 0 days 1,650 sqft
    2024-07-01 0 days 1,719 sqft
    2024-08-01 0 days 1,739 sqft
    2024-09-01 0 days 1,729 sqft
    2024-10-01 0 days 1,698 sqft
    2024-11-01 0 days 1,666 sqft
    Glens Falls's median listing age (time on market) for 2024-11-01 was 0 days.

    Glens Falls's median square footage for active listings during the 2024-11-01 period was 1,666 sqft. One year prior, the average listing was 1,658 sqft.